PulteGroup, Inc. (NYSE:PHM) Stock Holdings Lifted by Syon Capital LLC

Syon Capital LLC lifted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 10.5% during the fourth quarter, Holdings Channel reports. The firm owned 5,325 shares of the construction company’s stock after purchasing an additional 507 shares during the quarter. Syon Capital LLC’s holdings in PulteGroup were worth $550,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arlington Trust Co LLC purchased a new position in PulteGroup during the 3rd quarter worth approximately $33,000. Baystate Wealth Management LLC lifted its holdings in shares of PulteGroup by 186.5% in the third quarter. Baystate Wealth Management LLC now owns 490 shares of the construction company’s stock valued at $36,000 after purchasing an additional 319 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of PulteGroup in the third quarter worth $36,000. Rakuten Securities Inc. acquired a new position in PulteGroup during the fourth quarter valued at $37,000. Finally, Lindbrook Capital LLC raised its position in PulteGroup by 335.6% during the fourth quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock valued at $39,000 after buying an additional 292 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $113.74 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $111.28 and a 200 day moving average price of $99.42. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 0.51 and a beta of 1.56. PulteGroup, Inc. has a twelve month low of $64.70 and a twelve month high of $121.07.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, January 30th. The construction company reported $3.28 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.07. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. The firm had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter last year, the company earned $3.63 earnings per share. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. Research analysts predict that PulteGroup, Inc. will post 12.28 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 15th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, March 14th. PulteGroup’s dividend payout ratio is 6.41%.

PulteGroup announced that its Board of Directors has approved a share repurchase program on Tuesday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have weighed in on PHM. Barclays lifted their target price on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Royal Bank of Canada upped their price objective on shares of PulteGroup from $106.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday. Zelman & Associates upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research report on Wednesday. StockNews.com upgraded shares of PulteGroup from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group increased their price objective on PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.73.

Insider Buying and Selling at PulteGroup

In other news, VP Brien P. O’meara sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $103.09, for a total value of $206,180.00. Following the sale, the vice president now owns 15,389 shares of the company’s stock, valued at approximately $1,586,452.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.83% of the company’s stock.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.